New Delhi, Nov 18: All the central government employees will get reason to smile soon. Reportedly, much awaited seventh Pay Commission report will be submitted to Finance Ministry this week itself. If sources are to be believed then the recommendations will be submitted to Finance Ministry on November 20.
It has been revealed that the Government employees will get 15 per cent increment on the basic pay this time, lesser than what they got last time in Sixth Pay Commission. In 2008, Sixth pay Commission had recommended 35 per cent increment in the salary of Central government staff. Seventh Pay Commission's recommendations will have to be approved by the Union Cabinet, before it comes into force.
The 7th pay Commission is scheduled to be implemented from January 1, 2016. But there are some obstacles in the way including pay parity. Moreover, it will increase finacial burden on the exchequer. At a time when Government is already facing finacial issue becuase of One Rank One pension(OROP increased expenditure by 0.06 per cent of GDP), pay commission will put extra load on the exchequer.
Central Government employees are concerned about their increment. It is being said that some portion of the increment will be performance based and their service duration could be reduced.
Seventh pay commission was formed by previous UPA Government. The commission, headed by Justice A K Mathur was formed in February 2014. Nearly 48 lakh central government employees and 55 lakh pensioners will be befitted by the pay commission. FirsFirst Commission will submit its report to Ministry after that Union Cabinet give its approval.